Congress · 117th Congress
Sweeping budget package passes Senate; House on deck Friday
The minimum tax is aimed at preventing the largest corporations, those earning at least $1 billion, from paying very low effective tax rates.
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The minimum tax is aimed at preventing the largest corporations, those earning at least $1 billion, from paying very low effective tax rates.
The so-called vote-a-rama follows Senate adoption of a motion to proceed to the bill just after 7:30 p.m. Saturday, with Vice President Kamala Harris breaking the 50-50 tie.
billion in five-year grants for manufacturing and design of semiconductors and 5G wireless deployment, $24 billion to create a 25 percent tax credit for new semiconductor manufacturing facilities through 2026
nuclear superpowers agreed to have their administrations engage in further discussions, including on what comes next for arms reduction with the New START Treaty that is currently extended until early 2026
purposefully scheduled the meeting with Putin for the end of a roughly weeklong trip to Europe so that the president and others in the administration could first consult with America’s allies at the G-7